Bitcoin Stabilizes Near $80K Amid 45% American Skepticism on Crypto Risks
Bitcoin has stabilized near $80,000, bolstered by $2 billion in April ETF inflows (cumulative $58 billion) and institutional adoption, yet 45% of Americans deem crypto too risky, with ownership at 30% and 65% favoring traditional banks, potentially capping retail growth. This tempers earlier mainstream momentum, where firms like Fidelity and BlackRock drove crypto's $2.6 trillion market cap and Bitcoin's rise from $8,000 (early 2020) to $126,000 peak, amid volatility warnings (five-year beta 1.92 vs. S&P 500). Pro-crypto political spending ($280 million industry, $190 million PACs) pushes regulations that could bridge trust gaps or add hurdles.